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Sens. Charles Grassley, R-Iowa, and Herb Kohl, D-Wis., introduced a version of a bill that would require drugmakers and device firms to post online the details about their financial relationships with doctors. Under the Physician Payment Sunshine Act, companies would face fines of up to $1 million if they fail to disclose payments and gifts costing more than $100 a year.

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Sens. Charles Grassley, R-Iowa, and Herb Kohl, D-Wis., introduced a version of a bill that would require drugmakers and device firms to post online details about their financial relationships with providers. Under the Physician Payment Sunshine Act, companies would pay fines worth as much as $1 million if they fail to disclose payments and gifts costing more than $100 a year.

Sens. Charles Grassley, R-Iowa, and Herb Kohl, D-Wis., introduced a version of a bill that would require drugmakers and device firms to post online details about their financial relationships with doctors. Under the Physician Payment Sunshine Act, companies would pay fines worth as much as $1 million if they fail to disclose payments and gifts costing more than $100 a year.

Sens. Charles Grassley, R-Iowa, and Herb Kohl, D-Wis., introduced a version of a bill that would require drugmakers and device firms to post online the details about their financial relationships with doctors. Under the Physician Payment Sunshine Act, companies would face fines of up to $1 million if they fail to disclose payments and gifts costing more than $100 a year.

Sens. Charles Grassley, R-Iowa, and Herb Kohl, D-Wis., introduced a new version of a bill that would require drugmakers and device firms to post details online about their financial relationships with doctors. Under the Physician Payment Sunshine Act, companies would face fines of up to $1 million if they fail to disclose payments and gifts costing more than $100 a year. Device firms believe that disclosures should offer "meaningful information ... in an appropriate context," said Stephen Ubl, president and CEO of AdvaMed.

AdvaMed has expressed its support for revised legislation known as the Physician Payments Sunshine Act, which would require drug and device manufacturers to fully disclose their payments, including gifts and speaking fees, to doctors through an online registry, Sens. Charles Grassley, R-Iowa, and Herb Kohl, D-Wis., announced Thursday. Medtronic and Zimmer Holdings also have endorsed the bill.